Texmaco Rail in its investor presentation disclosed that its total order book as of the end of June 30 stood at ₹7,459.7 crore.

What Happened: The freight car business accounts for around 60% of orders. Infra Rail and Infra Electectical segment account for 10% and 15%, respectively.

This is a decrease of around 5% from the ₹7,900 crore its order book was worth at the end of the March quarter. At the time, its freight car business accounted for 63% of the total order book.

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The company posted its earnings for the June quarter on Tuesday evening. The company witnessed a 183% year-on-year jump in net profit to ₹35.73 crore. Its revenue rose 36% from the previous year to ₹891.71 crore.  The company’s shares were under pressure today.

Its peers such as RVNL and IRCON have also seen order books shrink in the quarter. Titagarh Rail Systems also saw its order book contract compared to the March quarter.

Price Action: Texmaco Rail’s share price was down 3.03% to trade at ₹248.40 on Wednesday afternoon.

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